Minorities have more opportunities to take out loans

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Jhansi. Unemployed youth and girls from the Muslim, Sikh, Christian, Buddhist, Parsi and Jain communities have another chance of getting a loan. Now the deadline for using term loans has been extended from July 12th to July 31st.
Amit Pratap Singh, District Welfare Officer for Minorities, said that the loan program operated by Uttar Pradesh Minorities Financial and Development Corporation Limited will provide a loan of at least 1 lakh to a maximum of 20 lakh. As part of this, loans at an interest rate of 6 percent annually are provided for projects, agriculture and related technical dealers, small businesses, craft, and transportation and service sectors. 90 percent of the project costs through the National Minorities Development and Finance Corporation and 5.5 percent through the Uttar Pradesh Minorities Financial and Development Corporation by the beneficiary himself. The loan is repaid in 20 equal quarterly installments over 5 years. He said the deadline for submitting the application form has been extended to July 31 due to the failure to receive a sufficient number of applications.

Jhansi. Unemployed youth and girls from the Muslim, Sikh, Christian, Buddhist, Parsi and Jain communities have another chance of getting a loan. Now the deadline for using term loans has been extended from July 12th to July 31st.

Amit Pratap Singh, District Welfare Officer for Minorities, said that the loan program operated by Uttar Pradesh Minorities Financial and Development Corporation Limited will provide a loan of at least 1 lakh to a maximum of 20 lakh. As part of this, loans at an interest rate of 6 percent annually are provided for projects, agriculture and related technical dealers, small businesses, craft, and transportation and service sectors. 90 percent of the project costs through the National Minorities Development and Finance Corporation and 5.5 percent through the Uttar Pradesh Minorities Financial and Development Corporation by the beneficiary himself. The loan is repaid in 20 equal quarterly installments over 5 years. He said the deadline for submitting the application form has been extended to July 31 due to the failure to receive a sufficient number of applications.

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( News Source – Amar Ujala )

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